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An API is a software program interface that gives real-time trade charges between completely different currencies. It permits companies and builders to entry present and historic knowledge on foreign money values by way of a easy API name. The information is usually retrieved from numerous monetary establishments, central banks, and market sources, making certain accuracy and reliability.
By utilizing an Trade Price API, companies can automate foreign money conversion processes, replace costs dynamically primarily based on present charges, and scale back the chance of errors related to handbook knowledge entry. This API is especially useful for e-commerce platforms, monetary companies, and any enterprise that offers with a number of currencies.
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